Oliver Purchased the Following Stock of Doggie Treats Inc $\begin{array}{ll}2015 & 10 \text { shares@ } \$ 10 \\2016 & 10 \text { shares @ } \$ 12 \\2017 & 20 \text { shares @ } \$ 14\end{array}$

Multiple Choice

Oliver purchased the following stock of Doggie Treats Inc. , $\begin{array}{ll}2015 & 10 \text { shares@ } \$ 10 \\2016 & 10 \text { shares @ } \$ 12 \\2017 & 20 \text { shares @ } \$ 14\end{array}$ If Oliver sold 25 shares of stock in 2017 for $265,what is the loss on the sale of the stock? Assume the shares purchased in 2015 and 2016 were held for more than one year.

A) $9.50 short-term loss and $38.00 long-term loss.
B) $9.50 long-term loss and $38.00 short-term loss.
C) $8.00 short-term loss and $17.00 long-term loss.
D) $8.00 long-term loss and $17.00 short-term loss.